Group 1 - The core point of the article is the announcement of a change in the financial leadership of Reader Media, with Yuan Haiyang stepping down as CFO and Qian Guanglv being appointed as the new CFO [1] - For the fiscal year 2024, Reader Media's revenue composition is as follows: 90.67% from news publishing, 9.86% from other businesses, and 3.73% from other sources, with internal offsets accounting for -4.26% [1] - As of the report date, Reader Media has a market capitalization of 3.7 billion yuan [1]

Core Viewpoint - Reader Media announced the transfer of 100% equity of Shanghai Cultural Innovation Co., Ltd. and 50% equity of Reader Innovation Technology (Beijing) Co., Ltd. to its wholly-owned subsidiary, Beijing Reader Tianyuan Cultural Communication Co., Ltd., to enhance brand operation and digital transformation [1] Group 1 - The transfer is aimed at strengthening the "Reader" brand operations and optimizing the industrial layout [1] - The baseline date for the equity transfer is set for June 30, 2025 [1] - After the transfer, Reader Media will no longer hold equity in Shanghai Cultural Innovation and Reader Innovation, while still retaining 100% equity in Beijing Tianyuan [1]

Core Viewpoint - Reader Media announced the decision to exit Beijing Wangcai Media Advertising Co., a subsidiary focused on advertising for the "Huaxia Finance" newspaper, through a targeted capital reduction to streamline resources and eliminate low-quality assets [1] Group 1 - Reader Media held the 19th meeting of its fifth board of directors on September 24, 2025, where the resolution to exit Beijing Wangcai was approved [1] - The main business of Beijing Wangcai is the advertising distribution for the "Huaxia Finance" newspaper [1] - The exit aims to protect the company's interests by timely clearing low-quality and inefficient assets [1]

Core Viewpoint - Reader Publishing Media Co., Ltd. is actively restructuring its assets to enhance operational efficiency and focus on core business areas, reflecting a broader trend in the reform of state-owned cultural enterprises [1][2]. Group 1: Asset Adjustments - The company announced a series of asset adjustments, including the exit from a 60% stake in Beijing Wangcai Media Advertising Co., Ltd. due to its poor performance and lack of synergy with the main business, with a reduction in capital valued at 20.3354 million yuan [1]. - The transfer of 57.14% equity in Reader Cultural Communication Co., Ltd. to Reader Cultural Tourism Co., Ltd. for 21.1658 million yuan is part of a related transaction aimed at enhancing operational management and promoting specialized business development [2]. Group 2: Strategic Focus - The company is also transferring 100% of the equity in Reader (Shanghai) Cultural Creative Co., Ltd. and 50% of Reader Rongchuang Technology (Beijing) Co., Ltd. to its wholly-owned subsidiary Beijing Reader Tianyuan Cultural Communication Co., Ltd. This move aims to strengthen brand operations and digital transformation efforts [2]. - The restructuring aligns with the current trend of state-owned cultural enterprises focusing on asset quality and operational efficiency through evaluation, divestment, and integration [2].

Core Viewpoint - The company announced the appointment of Mr. Qian Guanglv as the new Chief Financial Officer, effective from the date of the board meeting approval until the end of the current board's term [2] Group 1 - The fifth meeting of the company's fifth board of directors will be held on September 24, 2025 [2] - Mr. Yuan Haiyang will no longer serve as the Chief Financial Officer of the company [2]

Group 1 - The company announced the convening of the 19th meeting of the fifth board of directors on September 24, 2025 [2] - The company has appointed Mr. Wang Tiejun as the deputy general manager, effective from the date of approval by the board [2] - The term of the new appointment will last until the end of the current board's term [2]

Group 1 - The company announced that it will hold the 19th meeting of the fifth board of directors on September 24, 2025 [2] - The meeting will review and approve a proposal to optimize and adjust the company's organizational management structure [2] - This decision indicates a strategic move towards improving operational efficiency within the company [2]

Group 1 - The company, Reader Media (603999), announced the decision to transfer 57.14% of its stake in Reader Cultural Communication Co., Ltd. to Reader Cultural Tourism Co., Ltd. for a price of 21.1658 million yuan [1]

Core Viewpoint - The company has decided to transfer 57.14% of its stake in Reader Cultural Communication Co., Ltd. to Reader Cultural Tourism Co., Ltd. for an assessed value of 21.1658 million yuan, marking a strategic move to enhance operational efficiency and quality through the disposal of low-quality assets [1] Group 1 - The stake transfer is part of the company's efforts to deepen reform and improve efficiency [1] - The transaction is expected to enhance the company's management quality and operational performance [1] - Following the completion of the transaction, the company's consolidated financial statements will reflect a reduction in the consolidated entity, with minimal impact on current profits and losses [1]

Core Viewpoint - The company, Reader Media (603999.SH), has announced the transfer of 57.14% equity in Reader Cultural Communication Co., Ltd. to Reader Cultural Tourism Co., Ltd. for an assessed value of 21.1658 million yuan, marking a strategic move to enhance operational efficiency and quality through the disposal of low-quality assets [1] Group 1 - The equity transfer is part of the company's efforts to deepen reforms and improve efficiency [1] - The financial impact of this transaction on the company's current profit and loss will be minimal, as the consolidated financial statements will reflect a reduction in the merged entity [1] - Reader Cultural Tourism will bear the profits and losses generated by Reader Cultural Communication from the assessment base date until the date of property transfer [1]